UAE announces new VAT exemption from January 1

UAE announces new VAT exemption from January 1

The UAE’s Ministry of Finance (MOF) on Thursday said director services undertaken by natural persons serving as members of boards at entities and institutions across the UAE will not be subject to value-added tax (VAT) from January 1, 2023. Meanwhile, VAT will still...
FTA set to launch EmaraTax on December 5

FTA set to launch EmaraTax on December 5

The Federal Tax Authority (FTA) on Sunday confirmed its intention to launch the EmaraTax platform on December 5 and said migration to the new platform will commence from November 30. In a statement, the authority said it planned migration to EmaraTax to coincide with...